Monday, October 25, 2010

Financials-will they move?

XLF is down on the day, as I noted earlier there was a positive divergence, there is still a positive divergence so I'd expect some movement in the financials today, which should effect at least the financial heavy S&P

This is a short term view, this is not a divergence about anything other then an intraday move at this point.

The Euro is finally moving back down again ironically.

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